U mad, bro? "Trump gets elected and the next day they celebrate the number."

Celebrating that number was one of Trump's "new CEO moves" (as explained by Scott Adams at the time); a bit too complex for the simple minded.

Awesome that today's unemployment rate is far less than 4.8% (based on the same method/formula).

Thanks for highlighting Trump's accomplishments.

its 1.1% less. I will agree I think Trump's aggressive deportation policy probably helped lower unemployment, as did some of his attempts to repatriate corporate cash for investment in capital projects. But we still have a terrible lag in wages for that low of an unemployment number.

And, with unemployment that low, the Fed is going to be running scared of inflation, because their forumulas expect a rise in wages due to job competition. But I am very happy to start getting more interest on my savings and bonds. However, that is going to balloon the Government Debt again as T bill interest rates rise, so that will pull money out of the stock market. And by next election the Republicans will be screaming they have to cut more social programs because of the Debt.

Meanwhile, the stock market continues to shrink in size, as to number of public traded companies available for the average investor, and rise in value, based mostly on 401k's that replaced the huge Union pension funds. But that 401k money will be coming out (mine already did) at an increased rate over the next 10 years. That too is an economic problem, that has to do with our corporate overlords actually stifling competition and trying to control all markets instead of doing what good capitalists should do, regulating to increase competition.

It is also apparent we are running another housing bubble because lending practices are slip sliding again, and we have that really nasty student loan debt bubble that is just waiting to pop. I predict they will both pop in 2019 before the next election, and the Republicans will blame it on the House Democrats. However, the Powers that control those bubbles, and when they pop, are mostly the very wealthy and large investment concerns. Who are Republican. TPTB. The entire student loan debacle is just corporate welfare disguised as "helping" people, and that is what happens when you "deregulate" government programs.

Callout: Jerome !

Most of the things you said also apply over here and i'd hazard a guess most of the western world. I'm no Trump fan but i don't think we can blame these trends on him.

You're right about that USA bubble though, no brit i know online or off has ever said a good word about him, and i know a lot of people who vote conservative.

No, it's not Trump doing all this, its the TPTB. TPTB are just laughing at Trump : )

A parade of speakers at the event, who sometimes struggled to talk over speakers blasting songs like “It’s Raining Men” and “Proud to Be an American,” bemoaned the death of “traditional men” and the rise of what one speaker called “femimen.”

Anyone else following the saga of one of the US's favorite welfare children?

I mean Boeing of course : )

Trump finally got his balls in order, and grounded their latest "pilots are too stupid to fly" plane. The pilot's union called the 737 manual "Criminally Negligent". Boeing has long had a theory that their "systems" could fly better than pilots. Meanwhile, back in Real life, the number of people actually qualified to fly big planes is shrinking and ageing.

Quote:

In both 2008 and 2009, Boeing was second on the list of Top 100 US Federal Contractors, with contracts totalling $22 billion and $23 billion respectively.[126][127] Since 1995, the company has agreed to pay $1.6 billion to settle 39 instances of misconduct, including $615 million in 2006 in relation to illegal hiring of government officials and improper use of proprietary information.[128][129]
Boeing secured the highest ever tax breaks at the state level in 2013.[130]
Boeing's 2010 lobbying expenditure by the third quarter was $13.2 million (2009 total: $16.9 million).[131][132] In the 2008 presidential election, Barack Obama "was by far the biggest recipient of campaign contributions from Boeing employees and executives, hauling in $197,000 – five times as much as John McCain, and more than the top eight Republicans combined".[133]
Boeing has a corporate citizenship program centered on charitable contributions in five areas: education, health, human services, environment, the arts, culture, and civic engagement.[134][better source needed] In 2011, Boeing spent $147.3 million in these areas through charitable grants and business sponsorships.[135] In February 2012, Boeing Global Corporate Citizenship partnered with the Insight Labs to develop a new model for foundations to more effectively lead the sector that they serve.[136][better source needed]
The company is a member of the U.S. Global Leadership Coalition, a Washington D.C.-based coalition of over 400 major companies and NGOs that advocates for a larger International Affairs Budget, which funds American diplomatic and development efforts abroad.[137] A series of U.S. diplomatic cables show how U.S. diplomats and senior politicians intervene on behalf of Boeing to help boost the company's sales.[138]
In 2007 and 2008, the company benefited from over $10 billion of long-term loan guarantees, helping finance the purchase of their commercial aircraft in countries including Brazil, Canada, Ireland and the United Arab Emirates, from the Export-Import Bank of the United States, some 65% of the total loan guarantees the bank made in the period.[139]
In December 2011, the non-partisan organization Public Campaign criticized Boeing for spending $52.29 million on lobbying and not paying taxes during 2008–2010, instead getting $178 million in tax rebates, despite making a profit of $9.7 billion, laying off 14,862 workers since 2008, and increasing executive pay by 31% to $41.9 million in 2010 for its top five executives.[140]

For those that haven't been following for years, the FAA was given increased responsibilities in the 70's, that required more work. But it's budget was cut in the 80's, so it couldn't do the work. In the 90's it started switching over to allowing plane manufacturers to "self-certify" parts of the safety tests, to save money because it's budget was being cut left and right.

Now, the FAA deals with pilot certifications and some planes. The big US welfare baby Boeing "self-certifies" that it's planes are safe.

And the rest of the world apparently has taken notice of how corrupt the system over here is.

here's what I think -> safety with regards to planes are always evolving. I hope that when I take a plane, it will be relatively safe, there's always a chance. I trust that the people who work on this kind of stuff, and are qualified, are continuously working on making it better. Don't need to worry about it anymore, from my perspective.

here's what I think -> safety with regards to planes are always evolving. I hope that when I take a plane, it will be relatively safe, there's always a chance. I trust that the people who work on this kind of stuff, and are qualified, are continuously working on making it better. Don't need to worry about it anymore, from my perspective.

umm that was the whole point of my post. The US regulatory body for plane safety has been castrated, leaving it up to the profit making companies to determine their own "safety". Which is why most of the world grounded the planes after the second crash, and the US did not until pressure grew. The problem is that Boeing, the company that makes the questionable planes, is part of the US government. Many organizations, most notably the Pilots Union, called out this plane for safety concerns before even the first crash, and they were ignored. After the first crash, safety concerns were still ignored.